Uruguay: Maltodextrine Market 2024

Maltodextrine Market Size in Uruguay

In 2021, the Uruguayan maltodextrine market increased by 6.3% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a resilient expansion. Maltodextrine consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Maltodextrine Exports

Exports from Uruguay

After four years of growth, overseas shipments of maltodextrine and maltodextine syrup decreased by -27.2% to X tons in 2021. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2015 with an increase of 206% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then fell rapidly in the following year.

In value terms, maltodextrine exports shrank notably to $X in 2021. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 321% against the previous year. The exports peaked at $X in 2020, and then fell markedly in the following year.

Exports by Country

The United States (X tons), Peru (X tons) and Ecuador (X tons) were the main destinations of maltodextrine exports from Uruguay, together comprising 80% of total exports. Bolivia, Argentina, Ireland, Canada and Colombia lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +136.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for maltodextrine exported from Uruguay were Peru ($X), the United States ($X) and Bolivia ($X), together accounting for 81% of total exports. Ecuador, Ireland, Argentina, Colombia and Canada lagged somewhat behind, together comprising a further 15%.

Argentina, with a CAGR of +104.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average maltodextrine export price amounted to $X per ton, reducing by -14.5% against the previous year. In general, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2017 an increase of 78% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+26.3%), while the prices for the other major destinations experienced mixed trend patterns.

Maltodextrine Imports

Imports into Uruguay

In 2021, overseas purchases of maltodextrine and maltodextine syrup increased by 7.4% to X tons, rising for the second consecutive year after two years of decline. Overall, imports posted a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 148%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, maltodextrine imports expanded slightly to $X in 2021. Over the period under review, imports posted a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 108%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest supplier of maltodextrine to Uruguay, accounting for a 21% share of total imports. Moreover, maltodextrine imports from Argentina exceeded the figures recorded by the second-largest supplier, Australia (X tons), eightfold. The third position in this ranking was taken by Brazil (X tons), with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Argentina amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+17.5% per year) and Brazil (-2.7% per year).

In value terms, Argentina ($X) constituted the largest supplier of maltodextrine and maltodextine syrup to Uruguay, comprising 20% of total imports. The second position in the ranking was taken by Australia ($X), with a 5.1% share of total imports. It was followed by Brazil, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Argentina totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+23.0% per year) and Brazil (-1.4% per year).

Import Prices by Country

The average maltodextrine import price stood at $X per ton in 2021, shrinking by -5% against the previous year. Over the period under review, the import price showed a pronounced downturn. The growth pace was the most rapid in 2015 when the average import price increased by 16% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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